"IRAN Has Two Weeks Left" – Bessent Warns Oil Money Is About to Run Dry

Scott Bessent (0:00)

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Tom (0:02)

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SPEAKER_3 (0:04)

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Patrick Bet-David (0:12)

Scott Bessent talks about what's going on with Iran, that they have two more weeks left because they're about to get their last payment of oil. They have nothing else left to sell, and they're going to be hit very hard. I want you to watch this. Then we're going to go to the foreign minister of Iran. Watch what he says. Go for it.

Scott Bessent (0:27)

million more barrels of Iranian oil on the water that Iran will have nothing left to trade for anything. They will have nothing to trade for anything. Probably within the next two weeks, they are going to make their final deliveries of oil to China, and then they will have nothing.

It is an empty set, and I believe that they are feeling the pressure here, and that's why they want to deal. And you saw when President Trump was leaving the White House this morning, the Iranians say they will open the Straits within seven days. Larry, the Straits are open.

If you take out the Iranian oil, which we are not letting out, we are not letting it out, we are averaging now 15 to 22 million barrels a day. It was at about 20 pre-conflict, so you take out the one and a half or two Iranian barrels. So, think of it this way, Larry. The score is the United States, one billion. More than one billion barrels have gotten out, Iran, zero.

Patrick Bet-David (1:35)

Okay, so now he's saying this of what's going to be happening. Meanwhile, while they're having a conversation with Abbas al-Rachi, if you have that clip as well, they're asking about what's going on there with your...

Is this the one about their supreme leader, or are you going to the one that they're ready for doomsday? Do you have both of them? Okay, go to the doomsday one first, and then we'll go to the supreme leader because the doomsday has to do with this. So watch this year, what they're prepared to do. Go forward.

SPEAKER_3 (1:58)

The Wall Street Journal is reporting that President Trump expects to resume bombing Iran after the midterms. As you know, he stood at the UN and threatened to annihilate Iran. Are you preparing for this war to resume?

SPEAKER_5 (2:15)

We are fully prepared for the time, for the war to be resumed. And I repeat, we stand firm in the face of any new aggression, even it comes to a doomsday war. But at the same time, we are ready, we stand ready for diplomacy. It is up to the, up to President Trump to choose. He wanted unconditional surrender in the previous war in two days, and now it's eight months that they are fighting with no result.

A new aggression would be certainly the same. We are fully prepared for that. We have learned our lesson from the two previous wars, and we have corrected our tactics, we have changed our tactics, and we are fully prepared to do that. All right.

Patrick Bet-David (2:59)

And by the way, they're saying the IRGC Navy claimed it captured a US. REMA 600 underwater drone in the Strait, okay? So they have underwater drone in the Strait, West Texas Intermediate close at 92, 41, a barrel and prints at 104, 32 I wonder where it's at right now, Tom, if you want to check it to see where the numbers are at, as of right now.

Tom (3:18)

WTI, 94

Patrick Bet-David (3:19)

WTI is 94 Brent?

Tom (3:21)

Brent's, Brent is 98

Patrick Bet-David (3:25)

Brent's at 98 So, Tom, what do you think about what Bessent is saying that they have two weeks before the income stops with the last shipment that they're making? Do you believe him?

Tom (3:35)

Yes, I believe him, because if you look back at Scott Bessent, everything he said has basically come true or have been directionally correct and other things have then intervened, but he hasn't been off on a limb.

And so I think what he's saying is that this is real. Also, he's bringing something up in that there have been convoys and there's been other things happening that's been allowing a certain amount of oil to get through. And some people are saying, oh, it's still closed, it's still closed. And you're wondering, where are we being gaslit by Reuters and where are we being gaslit by political statements versus where it's really getting through? And I think you have to look at the price of oil, and I wish we had an audit point for the deliveries, right? If you had an audit point on deliveries to refineries, then we would have it. But Bessent has not been a guy that's been out there attempted to gaslight on some wild theory that doesn't happen. There are proxies out there doing that on both sides. But Scott Bessent wasn't one of them, and I believe him. I believe two weeks from now, if nothing changes, there's going to be issues. Now, how can Iran change that? Well, they get super, super aggressive, and they start throwing all those rockets all night in the Gulf, and then things have to stop. But right now, there apparently are ships that are on the Oman side. You know, we've talked about this before. Stay on the south side where the US. Navy is. And so, if he says 20 are getting through, I'm like 85% believe Scott Bessent that there's throughput. Now, has that been every day? He didn't say that. Has it been that way for a week? He didn't say that. But he did say, listen, over the last few days, we've had this, and that's a lot more oil that was going through.